Euro bounces off lows but heads for big weekly loss – Reuters
- Date: 13-May-2022
- Source: Reuters
- Sector:Financial Markets
- Country:Middle East
Euro bounces off lows but heads for big weekly loss – Reuters
HONG KONG, May 13 (Reuters) - The yen is poised to snap a nine-week losing streak on Friday on weakening risk sentiment, while another Wall Street selloff drove flight-to-safety bids to the dollar, which held near 20-year peaks.
The dollar regained a little ground on the Japanese currency and was last at 128.9 per dollar after hitting a two-week low of 127.5 overnight.
However, the dollar is still down 1.2% against the yen this week, its first week of declines since early March. The euro has fallen 2.6% versus the yen this week, its biggest drop also since early March as the common currency has been a major victim of the "risk off" mood.
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